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GM May Sell Detroit Home Base

Firm seeks investment from pension funds in landmark Renaissance Center

By Nick McMaster, Newser Staff

Posted Oct 7, 2008 4:46 PM CDT

(Newser) – General Motors will ask to borrow $500 million from pension funds for Detroit city employees to refinance its headquarters, the Renaissance Center, the News reports. The firm will make a pitch to the police and fire retirement system Thursday; GM will consider selling the landmark... Read full story »

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GM May Sell Detroit Home Base

Firm seeks investment from pension funds in landmark Renaissance Center

real estate • General Motors • Detroit • mortgage • investment • Renaissance Center

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More Newser Stories

Facing Foreclosure? BofA to Let You Rent Your Home

New 'mortgage to lease' program kicks off in test markets

London Sets Record for Luxury Home Sales

Foreign buyers are pouring in money to escape volatility at home

Obama Should Campaign on Auto Bailout

Some Republicans were ready to let GM, Chrysler die: Jonathan Cohn

11.1M Households Underwater

Number jumps to 23.1% at end of 2010, more likely on way

California to Dole Out $2B in Homeowner Help

...If banks will get on board

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